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REGISTERED NUMBER: 00607513 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

BORIS NET COMPANY LIMITED

BORIS NET COMPANY LIMITED (REGISTERED NUMBER: 00607513)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BORIS NET COMPANY LIMITED

COMPANY INFORMATION
for the year ended 30 June 2023







DIRECTOR: Mr J R Howard





SECRETARY: Mr J R Howard





REGISTERED OFFICE: Copse Road
Fleetwood
Lancashire
FY7 6RP





REGISTERED NUMBER: 00607513 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

BORIS NET COMPANY LIMITED (REGISTERED NUMBER: 00607513)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 36,672 47,113

CURRENT ASSETS
Stocks 267,000 352,000
Debtors 5 767,878 700,689
Cash at bank and in hand 134,437 93,608
1,169,315 1,146,297
CREDITORS
Amounts falling due within one year 6 (486,882 ) (456,677 )
NET CURRENT ASSETS 682,433 689,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

719,105

736,733

CREDITORS
Amounts falling due after more than one
year

7

(99,350

)

(118,282

)

PROVISIONS FOR LIABILITIES (2,457 ) (3,961 )
NET ASSETS 617,298 614,490

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Capital redemption reserve 10,000 10,000
Retained earnings 567,298 564,490
SHAREHOLDERS' FUNDS 617,298 614,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BORIS NET COMPANY LIMITED (REGISTERED NUMBER: 00607513)

BALANCE SHEET - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 February 2024 and were signed by:





Mr J R Howard - Director


BORIS NET COMPANY LIMITED (REGISTERED NUMBER: 00607513)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Boris Net Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Turnover also represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BORIS NET COMPANY LIMITED (REGISTERED NUMBER: 00607513)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grants
During the year the company received government support in the form of the Coronavirus Job Retention Scheme and local authority support in the form of a small business grant. These have been recognised under the accruals model and included in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022 114,608 304,364 90,585
Additions - - -
At 30 June 2023 114,608 304,364 90,585
DEPRECIATION
At 1 July 2022 89,637 293,073 90,585
Charge for year 2,293 4,333 -
At 30 June 2023 91,930 297,406 90,585
NET BOOK VALUE
At 30 June 2023 22,678 6,958 -
At 30 June 2022 24,971 11,291 -

BORIS NET COMPANY LIMITED (REGISTERED NUMBER: 00607513)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 66,899 5,643 582,099
Additions - 400 400
At 30 June 2023 66,899 6,043 582,499
DEPRECIATION
At 1 July 2022 56,048 5,643 534,986
Charge for year 4,083 132 10,841
At 30 June 2023 60,131 5,775 545,827
NET BOOK VALUE
At 30 June 2023 6,768 268 36,672
At 30 June 2022 10,851 - 47,113

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 614,586 640,725
Other debtors 116,310 25,632
Prepayments 36,982 34,332
767,878 700,689

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,803 15,976
Trade creditors 245,627 175,829
Social security and other taxes 2,976 3,208
VAT 66,279 79,800
Other creditors 514 1,227
Directors' current accounts 128,945 143,009
Accruals and deferred income 24,738 37,628
486,882 456,677

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 99,350 118,282

Included in creditors are bank loans due after more than 5 years of £21,387 (2022 : £48,321).

BORIS NET COMPANY LIMITED (REGISTERED NUMBER: 00607513)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 117,153 134,258